The new revenue recognition standard is having a sweeping impact across the corporate accounting and financial community. Bloomberg BNA hosted a seminar, titled “Inside Revenue Recognition: A Deep Dive into Assessment & Implementation Under the New Revenue Recognition Standard,” at the New York Athletic Club on Thursday, September 17. The event provided companies with detailed guidance from industry leaders on compliance.
Buchanan Tax attorney Lisa M. Starczewski moderated as panelists took a deep dive into two of the major areas concerning companies today: assessment and disclosure. Panelists discussed how they are assessing their current transactions to determine treatment under the new standard and how companies are addressing the increased disclosure requirements.